Key Energy Services, Inc. is the largest well servicing and workover company in the world, based on the number of workover rigs and available industry data. Key operates on a de-centralized basis through seven division locations in the United States: the Permian Basin (West Texas and Eastern New Mexico), the Gulf Coast, Oklahoma, Michigan/Appalachian Basin, Rocky Mountains, the Four Corners Region and California. The company also has operations in Argentina and Canada. Key Energy Services provides for a full range of maintenance and workover services to major and independent oil and gas companies in all of our operating regions. In addition to maintenance and workover services, Key also provides services which include the completion of newly drilled wells, the recompletion of existing wells (including horizontal recompletions) and the plugging and abandonment of wells at the end of their useful lives. Other services include oil field fluid transportation, storage and disposal services, frac tank rentals, fishing and rental tools, wireline services, air drilling, hot oiling and production testing services. In addition, Key is engaged in contract drilling in several oil and gas producing regions of the continental United States and Argentina, and owns and produces oil and natural gas in the Permian Basin and Texas Panhandle. The strength of Key Energy Services rests on three factors: the expertise and capability of its people; the quality and reliability of its equipment; and the confidence of its customers. Driven by the hard work of our employees, management, and board of directors, we have transformed Key Energy Services into the leading service provider in the industry and continuously strive to improve the overall breadth, quality, and value of services provided to our blue chip customer base.
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